Today's vertical uprise has been neglected, BTC road to 6K !!!!!After a pump from 7100 to 7900, price has been dropping, right now price is 7150, if 7100 is broken, which is most probably scenario, then 6k will be displayed for a few days.
As previously discussed, 200EMA is so far away, minning costs for most machines are around 3k, and otherwise, bear in mind about minners have been able to still minning with losses for an average 6months according to previous halvings.
On the other hand, most of indicators show up strong SELL signals.
There's a huge descending triangle which has been forming when BTC hit 14k 5 months ago, this retracement was expectable.
Furthermore, there's an special interest for whales about stretching out the bottom (3k?) in order to make bigger gains in late 2020.
In other words, probably BTC will drop to 6k in the following day/s and if that happens, we can talk freely about 5k for mid December.
DROP
Ultimate Beginners Guide For Bitcoin Profit in 2020As we head into December, We can see that the major drops I had predicted since November 14th has occured.
Bitcoin is currently fighting to stay above the major Support line that developed back in march of this year 2019 when Bitcoin had the golden cross and rallied to 13k zone.
This support line is set to break as we are no where near the end of our capitulation cycle. as you can see on the chart labled "C2"
Allow me to further explain...
Back in November 2018 we capitualted around the same time and the cycle brought us from $6,400 down to $3,200 once capitulation reached it's peak.
See C1 label on chart.
From these two capitulation zones we can chart our next two support zone....
First support being set to $6,400 labeled on chart as S1
If we fail to hold $6,400 zone, Then we will see another 50% capitulaiton completeing a 100% retracement back down to our previous capitulation lows of $3,800 Labeled on chart as S2
And If $3,400 doesn't hold... Well We could see $2,500 low
Labeled on chart as "MOAB" Mother Of All Buys
As Of right now, I am predicting our capitulation cycle will be completed in January. I will be buying in March of 2020 where I will hold until October or until further Technical Analysis depicts. Follow my Page for my updates.
A 10% drop for XRP is in the cardsWelcome!
A very obvious trade setup has formed here. After its initial correction, XRP has consolidated above its previous support, made a rally attempt but failed to move higher and got rejected by the 20MA thus making a lower high . We can see that the price has returned to the previous support, held it for a couple of days but then went below it. So far we are being rejected by the same support making this a potential S/R flip . Bollinger band width implies a bigger move is coming and since we are below all mayor moving averages directional bias is to the downside.
Entry: now, at market
Stop loss: 3158
Targets:
- my first downside target for XRP/BTC is that pair of equal lows (connected with the yellow dotted line)
- my second and primary downside target is the strong support area (blue line) with a possible sweep of the previous lows (white curve)
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Take care.
Bitcoin approaching 3rd retest to $7800Share your opinions, and don't forget to like and follow.
ABCD triangle on Coinbase:BTCUSD weekly chart first and second retest occurred within 105 days of each other, if history repeats itself Bitcoin appears to be 70 days away from a further decline to $7800
However, Coinbase:BTCUSD could make a break to the upside testing HUGE Resistance at $9,500
BTC - RSI similarities - may pump to 10800-11000 today Just an idea -
- similar chart pattern
- rsi looks similar to the last yellow elipse
- alts looking good to rise in near future.
All that could pump us to a new high.
BUT, this is just an idea, because the yellow elipses look similar thought, but the first one is at a "bottom", the second is on a "top", so that means that we have different situations. We may pump, we may drop. - Most of the time patterns DONT repeat.
However, i'm 70:30 for Long now.
have a good trade.
If bitcoin breaks below ring with red arrow be ready for a drop!If bitcoin price continues to follow down the thick yellow rings and we drop below red ring with red arrow pointing to it then expect a big drop. Two rings back we had a drop when we crossed white ring from the same fib circle and broke support of red ring. Same thing could play out again if drop below last red ring. Longs are stacked while shorts have dropped off the board and we are in an unregulated manipulated market, might be wise to play the contrarian on this one. We either pump soon or down with the ship we go!
NTES 4th wale?It is highly possible that NTES can go much higher, especially in a longer-term, but from another, bit short term perspective, it is to expect some future drop.
My play is to buy, but S/L will be at 281 level. If the price goes below the same level my play will be buy as well but with a 2:7 R/R
CADCHF Bearish PennantOn the Weekly chart, the CAD has been progressively falling against the CHF from around 11 SEP 2017 in a choppy but progressive manner. The bearish resistance trend line has been a strong point throughout this time and hasn't been broken in a strong manner. Moving towards the daily chart, price has recently rejected the swing high of the resistance trendline and now I am of the opinion that CADCHF is now ready for a bearish push.
My targets are around 40 - 80 pips fall however since we are in the direction of the overall trend the fall may be much stronger and longer.
E-mini possibility... Channel up, then drop BIG!Hmmmmmm! So, I was charting and thinking... Is it possible - considering the difficult time the S&P is having breaking through the long term up trend - that it simply stays in an ascending channel underneath the trend until it reaches the all time highs, and then DROPS like a ROCK? I think it's entirely possible. Until (or IF) the up trend is broken through, I'm going to keep this theory on my radar. When the time comes (if it comes), I may short SPY and ES long term. Because, if it drops from the all time highs after never breaking back through the up trend, I think it's going to drop HARD! Now factor in all the fundamental uncertainties, and this theory becomes even more plausible!
Bitcoin - Gods are talking about the next BIG MOVE!!Hello guys!
I just kidding, gods didn't talk nothing for me is just another analysis from your friend UNCODED.
Today we can see a probabilistic prediction for the Bitcoin in next coming weeks!
So, we probably can test/fall to the area around:
$8064 - $7582
And after that we can see a litle pump to the $14k area, so let's see.
That's it for now!
Follow me and if u have any questions send me a msg on instagram!
@uncodedmind
VRAY - Monster Drop. Can It Retrace The Losses?ViewRay, Inc. engages in the design, manufacture and market magnetic resonance imaging (MRI) system. It develops MRIdian to address the key limitations of existing external-beam radiation therapy technologies, and employs MRI-based technology to provide real-time imaging that clearly defines the targeted tumor from the surrounding soft tissue, and other critical organs, both before and during radiation treatment delivery. The company was founded by Dinara Akzhigitova on September 6, 2013 and is headquartered in Oakwood Village, OH.
P/E Current
-4.03
P/E Ratio (with extraordinary items)
-3.37
SHORT INTEREST
22.51M 07/31/19
Average Recommendation: BUY
Average Target Price: 6.80